The European Union will ban privacy coins like Monero (XMR), Zcash (ZEC), and Dash starting in 2027 under its new Anti-Money Laundering Regulation (AMLR). Announced in 2025, the regulation also prohibits anonymous crypto accounts, targeting platforms offering privacy-enhancing features. Crypto transactions over €1,000 will require full KYC verification, impacting exchanges and users. The AMLR aims to curb illegal activities by ensuring traceability, with the European Banking Authority overseeing implementation. This move could limit privacy-focused crypto usage in Europe, pushing users to seek alternatives.
This EU ban might concern you if you value privacy coins like Monero. The KYC requirements could affect your trading habits, especially with transactions over €1,000
